EconomyOil shipping and insurance costs exceed one-third of commodity value, OPEC says
OPEC said disruptions to oil supplies have pushed transportation and insurance costs above one-third of the oil price. Ministers from OPEC and OPEC+ meeting in Riyadh stressed the need to protect international maritime routes, saying high costs burden producing and consuming nations and add inflationary pressure to the global economy.
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TASS★★★☆☆2026-10-12 18:04Original
Oil shipping and insurance costs exceed one-third of commodity value, OPEC says